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BSX to stay open for business during crisis

Bank boost: Butterfield shares rose for a third successive trading day on the BSX

The Bermuda Stock Exchange plans to remain open for business during the Covid-19 crisis.In a statement issued today, the BSX said its staff were working remotely and the exchange would be open for regular business hours.Access to the BSX office on Victoria Street will be closed to the public and limited to core personnel.All meetings are to be held via electronic communications.“The economic impact of the Covid-19 pandemic and the resulting market volatility has prompted the World Federation of Exchanges to address pressures on the financial system,” the BSX stated.“The WFE is working with its member community to share information, co-ordinate action, and mitigate risk during this crisis.” “As an important stakeholder in the Bermuda economy and member of the WFE, the BSX has announced it will remain open for business and continue to provide services to its local and global customers in the capital markets.“It is important that financial markets remain able to perform their role by providing investors with liquidity, facilitating price discovery, and allowing for risk transfer. The BSX has operated its technology platform uninterrupted and the latest developments are not anticipated to disrupt normal operations and functions which remain critically important.”